LPG cylinder prices could rise by ₹100-150 in 1 year. Here’s why

NEW DELHI : You may not have noticed it but the price of subsidised cooking gas rose by an average of ₹10 per cylinder in the July-January period of current fiscal taking the price paid by common man for fuel closer to market rates.

The good news is that with the developments in past few months, government is looking to completely eliminate oil subsidy by early FY22. But for consumers, the move would mean that their cooking gas price would shoot up by another ₹100-150 per cylinder over the next one year.

Sources said that taking advantage of low oil prices, government may give nod to state-run oil marketing companies to increase price of subsidised LPG cylinder gradually so that entire subsidy paid under direct benefit transfer scheme (DBT) to eligible consumers is eliminated in one year’s time.